12056 Abercorn StSavannah, GA 31419

Property Details for 12056 Abercorn St

Year built

2002

Lot size

6.03 AC

Property size (Sq ft)

32,632 SF

Zone code

PUDBC

Property type

Retail properties

Property subtype

Auto shops

APN

2-0781 -02-001

APU

2078102001

Description

This exceptional investment opportunity presents a 32,632 square foot, single-story retail property located at 12056 Abercorn Street in Savannah, Georgia (31419). The property, built in 1978 and renovated in 2002, sits on a 6.18-acre lot and is zoned B-C. It boasts 100% occupancy with two national tenants: DriveTime and Gerber Collision & Glass, both operating under long-term, net-lease agreements with corporate guarantees. The asking price is $8,400,000, representing a pro-forma cap rate of 6.00% and a price per square foot of $257.42. The lease structure is a triple-net (NNN) lease, minimizing landlord responsibilities. Annual rent increases of 2-3% are built into the leases, ensuring consistent income growth. This prime Savannah location benefits from high traffic visibility on Abercorn Street and proximity to major retailers. The property's strong tenant base, favorable lease terms, and strategic location make it an attractive investment with significant potential for future appreciation. The property features a single building with two units. The parcel number is 20781 02001. This is a privately held investment.

• CAP approach

  CAP return

  Valuation

  6%

  $9,939,852

  6.5%

  $9,175,248

  7%

  $8,519,873

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,351,549

  Geo Method

  $5,592,642

• Alternative Use

  Use

  Valuation

  Residential

  $7,739,665

  Hospitality

  $7,089,492

  Educational

  $5,898,374

  Medical

  $6,101,228

  Retail

  $9,175,248

Location Insight

City

Savannah

County

Chatham

State

Georgia

Latitude

31.9825

Longitude

-81.156

CBSA code

42340

CBSA name

SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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